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SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 401k Plan overview

Plan NameSAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP
Plan identification number 001

SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEMORIAL HEALTHCARE IPA, GP has sponsored the creation of one or more 401k plans.

Company Name:MEMORIAL HEALTHCARE IPA, GP
Employer identification number (EIN):954688463
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01CLINT EGENES
0012014-01-01CLINT EGENES2015-08-10
0012013-01-01CLINT EGENES2014-07-30
0012012-01-01AMY PARK
0012011-01-01STEVEN FICHTELBERG STEVEN FICHTELBERG2012-10-08

Plan Statistics for SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP

401k plan membership statisitcs for SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP

Measure Date Value
2015: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2015 401k membership
Total participants, beginning-of-year2015-01-0171
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2012: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2012 401k membership
Total participants, beginning-of-year2012-01-01100
Total number of active participants reported on line 7a of the Form 55002012-01-0152
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0130
Total of all active and inactive participants2012-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0182
Number of participants with account balances2012-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2011 401k membership
Total participants, beginning-of-year2011-01-01148
Total number of active participants reported on line 7a of the Form 55002011-01-0114
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0186
Total of all active and inactive participants2011-01-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01100
Number of participants with account balances2011-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP

Measure Date Value
2015 : SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2015 401k financial data
Transfers to/from the plan2015-06-01$-2,708,992
Total income from all sources2015-06-01$92,386
Expenses. Total of all expenses incurred2015-06-01$94,342
Benefits paid (including direct rollovers)2015-06-01$94,179
Total plan assets at end of year2015-06-01$0
Total plan assets at beginning of year2015-06-01$2,710,948
Value of fidelity bond covering the plan2015-06-01$500,000
Other income received2015-06-01$92,386
Net income (gross income less expenses)2015-06-01$-1,956
Net plan assets at end of year (total assets less liabilities)2015-06-01$0
Net plan assets at beginning of year (total assets less liabilities)2015-06-01$2,710,948
Assets. Value of participant loans2015-06-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-06-01$163
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-06-01$0
2012 : SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$309,936
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$849,734
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$849,199
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$17,203
Value of total assets at end of year2012-12-31$3,661,819
Value of total assets at beginning of year2012-12-31$4,201,617
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$535
Total interest from all sources2012-12-31$11,951
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$400,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31Yes
Amount of non-exempt transactions with any party-in-interest2012-12-31$63
Contributions received from participants2012-12-31$11,439
Participant contributions at end of year2012-12-31$36,297
Participant contributions at beginning of year2012-12-31$58,526
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$44,593
Administrative expenses (other) incurred2012-12-31$535
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-539,798
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,661,819
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$4,201,617
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,050,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$3,288,759
Interest on participant loans2012-12-31$1,238
Interest earned on other investments2012-12-31$10,713
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$530,078
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$854,332
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$280,782
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$5,764
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$849,199
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2012-12-31390859910
2011 : SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$516,665
Total of all expenses incurred2011-12-31$872,087
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$871,147
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$495,019
Value of total assets at end of year2011-12-31$4,201,617
Value of total assets at beginning of year2011-12-31$4,557,039
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$940
Total interest from all sources2011-12-31$21,948
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$400,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31Yes
Amount of non-exempt transactions with any party-in-interest2011-12-31$63
Contributions received from participants2011-12-31$339,666
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$13,580
Assets. Loans (other than to participants) at end of year2011-12-31$58,526
Assets. Loans (other than to participants) at beginning of year2011-12-31$112,099
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-355,422
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,201,617
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$4,557,039
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$3,288,759
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$3,427,752
Interest on participant loans2011-12-31$2,979
Interest earned on other investments2011-12-31$18,969
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$854,332
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,017,188
Net investment gain/loss from pooled separate accounts2011-12-31$-302
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$141,773
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$871,147
Contract administrator fees2011-12-31$940
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31KELLOGG & ANDELSON ACCOUNTANCY CORP
Accountancy firm EIN2011-12-31952793306

Form 5500 Responses for SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP

2015: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2012: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF MEMORIAL HEALTHCARE, IPA, GP 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number057717-K
Policy instance 1
Insurance contract or identification number057717-K
Number of Individuals Covered0
Insurance policy start date2015-01-01
Insurance policy end date2015-06-01
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number057717-K
Policy instance 1
Insurance contract or identification number057717-K
Number of Individuals Covered82
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,010
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1088
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP PROGRAM
Insurance broker organization code?3
Insurance broker nameJOHN COTTEE
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number057717K
Policy instance 1
Insurance contract or identification number057717K
Number of Individuals Covered100
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,230
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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